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14 Jun 2013
US: Industrial output flat in May, misses expectations
FXstreet.com (Córdoba) - Industrial production remained unchanged in May according to data provided by the Federal Reserve. The flat reading came in below market's expectations of a 0.2% gain.
Meanwhile, April's output was upwardly revised to a decline of 0.4% from a 0.5% drop previously estimated.
Capacity utilization slipped to 77.6% from April's 77.7%, and slightly below the 77.9% expected.
Meanwhile, April's output was upwardly revised to a decline of 0.4% from a 0.5% drop previously estimated.
Capacity utilization slipped to 77.6% from April's 77.7%, and slightly below the 77.9% expected.